Cares Act Reporting

Notification required by Department of Education pursuant to CARES Act

Virginia Beach Theological Seminary (VBTS) signed and returned to the Department of Education the Certification and Agreement on funding from the CARES Act Section 18004(a).  In doing so VBTS agreed to use no less than 50 percent of the funds received under Section 18004(a) of the CARES Act to provide Emergency Financial Aid Grants to students. 

VBTS has received a total of $1,535 pursuant to the institution’s Certification and Agreement [for] Emergency Financial Aid Grants to Students.

VBTS also received a total of $1,535 pursuant to the institution’s Certification and Agreement [for] use by the Institution for use on Coronavirus related funding needs or aid to students.

A total of 18 students at the institution were eligible to participate in programs under Section 484 in Title IV of the Higher Education Act of 1965 and thus eligible to receive Emergency Financial Aid Grants to students under Section 18004(a)(1) of the CARES Act.

All $1,535 of the original funds received have been distributed equally to these 18 students, with each student receiving a check for $85.28. 

All $1,535 of funds received for institution needs have not been used for the institution, but were also distributed equally to these 18 students, with each student receiving a second check for $85.28. 

Funds were provided to the students with the following information:

First Check
This check is tax-free government aid to assist in expenses incurred from the requirement to shift from resident to online education due to the Coronavirus Pandemic.  The amount is an equal distribution of all funds allocated to VBTS for this purpose from the PL 116-136 TITLE VIII CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY ACT Sections 18004(a)(1)

Second Check
This check is tax-free government aid to assist in expenses incurred from the requirement to shift from resident to online education due to the Coronavirus Pandemic.  The amount is an equal distribution of all additional funds allocated to VBTS for this purpose from the PL 116-136 TITLE VIII CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY ACT

At this time, we do not anticipate any additional funds becoming available.